Sporting goods manufacturers with sales growth in third quarter

Puma with good quarterly figures and improved earnings forecast

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According to preliminary results, Puma's consolidated sales have risen significantly in the third quarter of 2017. Compared to the third quarter of the previous year, sales increased by about 13 percent in constant currency from 990 million euros to 1,122 million euros.

Puma with good figures in the third quarter of 2017

Image credit: Puma

As announced by the sports goods manufacturer from Herzogenaurach, the operating result (EBIT) rose to approximately 101 million euros in the third quarter of 2017. In the third quarter of 2016 it was 60 million euros.

Puma also expects an increase in sales for the fourth quarter of 2017. For this reason, the sporting goods group is also raising its forecast for Group sales, gross profit margin, operating expenses and operating result (EBIT) for the full year 2017.